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Australian (ASX) Gold Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies155
  • 7D5.3%
  • 3M16.0%
  • 1Y109.3%
  • YTDn/a

In the last week, the Gold industry is up 5.3%, with Northern Star Resources up 8.8%. During this same period, the Predictive Discovery underperformed, falling 6.9%. This takes the industry's 12 month performance to a gain of 109%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the Australian Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026AU$174.1bAU$26.4bAU$4.6b28.6x38x6.6x
Wed, 17 Dec 2025AU$153.5bAU$26.4bAU$4.6b26.6x33.5x5.8x
Fri, 14 Nov 2025AU$152.1bAU$26.4bAU$4.6b25.2x33.2x5.8x
Sun, 12 Oct 2025AU$142.0bAU$26.4bAU$4.6b22.5x31x5.4x
Tue, 09 Sep 2025AU$121.7bAU$26.8bAU$4.9b18.6x25.1x4.5x
Thu, 07 Aug 2025AU$99.9bAU$22.4bAU$3.2b17.7x31.3x4.5x
Sat, 05 Jul 2025AU$101.7bAU$22.3bAU$3.1b16.8x32.5x4.6x
Mon, 02 Jun 2025AU$108.1bAU$22.3bAU$3.1b20.3x34.9x4.8x
Wed, 30 Apr 2025AU$92.3bAU$22.2bAU$3.0b18.5x30.6x4.2x
Fri, 28 Mar 2025AU$83.7bAU$22.2bAU$3.0b17.4x27.6x3.8x
Sun, 23 Feb 2025AU$79.2bAU$20.7bAU$2.7b19.4x28.8x3.8x
Tue, 21 Jan 2025AU$76.0bAU$18.7bAU$1.8b20.8x41.6x4.1x
Thu, 19 Dec 2024AU$72.7bAU$18.6bAU$1.8b22x40x3.9x
Sat, 16 Nov 2024AU$67.8bAU$18.6bAU$1.8b18.4x37.5x3.7x
Mon, 14 Oct 2024AU$69.2bAU$18.4bAU$1.8b21.5x38.7x3.8x
Wed, 11 Sep 2024AU$61.8bAU$18.3bAU$1.7b21.1x37.2x3.4x
Fri, 09 Aug 2024AU$57.9bAU$16.1bAU$1.1b22.8x52.4x3.6x
Sun, 07 Jul 2024AU$57.0bAU$16.0bAU$1.1b22.3x53.2x3.6x
Tue, 04 Jun 2024AU$58.9bAU$17.1bAU$1.2b21x49.6x3.4x
Thu, 02 May 2024AU$56.8bAU$17.2bAU$1.2b20.9x47.4x3.3x
Sat, 30 Mar 2024AU$55.4bAU$17.2bAU$1.3b18.9x43.3x3.2x
Mon, 26 Feb 2024AU$47.5bAU$16.2bAU$915.4m19.7x51.9x2.9x
Wed, 24 Jan 2024AU$70.4bAU$22.9bAU$1.3b22.5x52.3x3.1x
Fri, 22 Dec 2023AU$76.5bAU$22.9bAU$1.3b25.5x56.9x3.3x
Sun, 19 Nov 2023AU$71.2bAU$22.9bAU$1.4b22.1x52.7x3.1x
Tue, 17 Oct 2023AU$69.4bAU$23.1bAU$1.4b21.7x50.3x3x
Thu, 14 Sep 2023AU$68.6bAU$22.9bAU$1.4b19x49.7x3x
Sat, 12 Aug 2023AU$68.6bAU$22.3bAU$439.6m18.3x156x3.1x
Mon, 10 Jul 2023AU$68.7bAU$22.3bAU$554.3m16.2x124x3.1x
Wed, 07 Jun 2023AU$71.3bAU$22.3bAU$580.8m17.3x122.8x3.2x
Fri, 05 May 2023AU$77.0bAU$22.3bAU$577.2m19.5x133.4x3.5x
Sun, 02 Apr 2023AU$70.4bAU$22.3bAU$563.7m15.8x124.9x3.2x
Tue, 28 Feb 2023AU$59.3bAU$22.3bAU$575.0m16.6x103.1x2.7x
Thu, 26 Jan 2023AU$69.9bAU$20.7bAU$1.1b19.3x61.6x3.4x
Price to Earnings Ratio

61.6x


Total Market Cap: AU$69.9bTotal Earnings: AU$1.1bTotal Revenue: AU$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Gold Industry Price to Earnings3Y Average 62.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.0x which is lower than its 3-year average PE of 62.4x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 8.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Australian Gold compare with similar industries?

AU Market1.95%
Materials3.65%
Metals and Mining3.58%
Gold5.29%
Silver6.28%
Diversified Metals and Mining3.38%
Copper2.74%
Steel1.72%
Precious Metals and Minerals-0.94%
Aluminum-1.79%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NST Northern Star ResourcesAU$27.688.8%
+AU$3.2b
62.9%PE29.5x
EVN Evolution MiningAU$13.534.8%
+AU$1.3b
144.2%PE29.7x
CYL Catalyst MetalsAU$9.6434.3%
+AU$641.1m
188.6%PE27.2x
GGP Greatland ResourcesAU$12.907.6%
+AU$612.3m
n/aPE25.7x
CMM Capricorn MetalsAU$15.379.5%
+AU$606.7m
114.7%PE46.7x

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